Businesses have gone through different phases or stages of marketing over years. Which of the following is true about the production era?
I. Say’s law-supply creates its own demand-was truly applicable in this era.
II. The market was a seller’s market.
III. Product features were given importance in this era.
IV. Companies focused on manufacturing processes.
[A]Only (I) above
[B]Only (IV) above
[C]Both (II) and (III) above
[D](I), (II) and (IV) above
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